Lubyâ€™s defends board in letter to shareholders

HOUSTON Lubyâ€™s Inc., in a letter sent Tuesday to shareholders, is urging them to support management and the current board in the face of a dissident shareholderâ€™s recent nomination of four candidates to the 10-seat board. "Luby's has the right board of directors in place," wrote Gasper Mir III, chairman of the 128-unit cafeteria chain's board.Earlier in October, Ramius Capital Group LLC of New York said it wanted Luby's to form a more independent board and to seek strategic ...

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